More than 1,000 layoffs planned in N.J. by 2 major national tech companies

More than 1,000 workers in New Jersey could lose their jobs after two major technology companies submitted layoff notices to the state under the Worker Adjustment and Retraining Notification (WARN) Act. The filings, made by Verizon Corporate Resources Group, LLC and Samsung Electronics America, Inc., outline workforce reductions that are expected to take place over the next few months as both companies continue restructuring parts of their businesses.

According to the notices filed with New Jersey officials, Samsung Electronics America plans to eliminate 739 positions by Sept. 30, while Verizon Corporate Resources Group expects to cut 282 jobs by Oct. 16. Together, the planned reductions affect more than 1,000 employees and represent one of the larger rounds of announced layoffs in the state this year.

Samsung’s workforce reduction comes as the company moves forward with its previously announced decision to relocate its North American headquarters operations from Englewood Cliffs, New Jersey, to Plano, Texas. The relocation was announced in June as part of a broader organizational transformation.

The company said that some employees have been offered the opportunity to relocate to the new headquarters in Texas. At the same time, Samsung is adjusting parts of its business across multiple locations to better align its workforce with current business priorities. The company also acknowledged that the transition will affect employees and stated that support is being provided to those impacted during the process.

For many workers, the relocation presents an important career decision. Those who choose not to relocate may be among the employees affected by the announced workforce reductions as Samsung continues shifting operations to its new corporate location.

Verizon’s latest filing is tied to changes within its retail business. The company said it is transitioning 274 corporate-owned retail stores to franchise ownership while maintaining approximately 1,000 corporate-operated stores across the United States.

The retailer emphasized that customers will continue to have broad access to Verizon locations, with the vast majority of the U.S. population remaining within a 30-minute drive of one of its stores after the transition is completed.

The company explained that the restructuring will affect roughly 3,000 employees nationwide, including those working at the corporate-owned stores being converted to franchise locations. However, Verizon noted that many employees affected by similar transitions in the past have continued working at the same stores after they became franchise-operated. According to the company, about 70% of impacted employees have historically been hired by the new franchise owners during previous ownership transitions.

This is not Verizon’s first workforce reduction announced in New Jersey this year. The company previously submitted WARN notices in June covering two separate rounds of layoffs involving 156 employees and 35 employees. Those earlier reductions are scheduled to take effect on Aug. 7 and Sept. 18.

The latest filings highlight how major corporations continue adjusting their operations in response to changing business strategies, organizational restructuring, and evolving market priorities. While some employees may receive relocation opportunities or continue working under new franchise ownership, many others could face job losses as these plans move forward.

New Jersey’s WARN filing process provides advance notice of significant layoffs, giving affected employees time to prepare for employment changes and explore available opportunities before the planned job reductions take effect. The notices filed this week indicate that the majority of the announced workforce changes are expected to be completed by the end of September for Samsung and by mid-October for Verizon.

As both companies continue implementing their restructuring plans, the filings provide an early look at how these business decisions will impact workers across New Jersey in the coming months.

Sources:

• New Jersey Department of Labor and Workforce Development (WARN Notices)
• Samsung Electronics America
• Verizon Communications